Time magazinehas some interesting stuff. This week on page 54 is an article by Dan Kadlec about long term care insurance in the United States. Long Term Care is another word for a nursing home, assisted living facilities or at home nursing aids.
If you look around my blog you’ll see that my personal injury practice includes nursing home abuse. We often talk about what to do after the nursing home neglect took place. But, how do you avoid the neglect? There are lots of different things to look out for. Being proactive is one of them.
The Time magazine article talks about the cost of long term care and the difference in premiums depending on your age. For example, if you purchase long term care insurance (i.e. nursing home health insurance) in your 50s you may qualify for a “good-health discount” and only 14% of people are denied coverage. Wait until your 60s and only 42% get the discount and 23% are denied coverage.
This is really important if your family has a history of alzheimers, stroke or other degenerative illnesses. I suggest reading the article. It’s certainly something to think about sooner rather than later.